LTCG Securities Taxable Value Calculator 2018-19 (AY 2019-20)

Calculate Taxable Value of LTCG and income tax liability as per provisions of Budget Proposals 2018 on Long Term Capital Asset which is an equity share in a company or an equity oriented fund or a unit of a business trust. Direct tax proposals for 2018-19 have introduced 10% Tax on such LTCG exceeding ₹ 1 lac subject to various conditions.

in a case where the capital asset is listed on any recognised stock exchange, the highest price of the capital asset quoted on such exchange on the 31st day of January, 2018:

Provided that where there is no trading in such asset on such exchange on 31st day of January, 2018, the highest price of such asset on such exchange on a date immediately preceding the 31st day of January, 2018 when such asset was traded on such exchange shall be the fair market value.

in a case where the capital asset is a unit and is not listed on a recognised stock exchange, the net asset value of such asset as on the 31st day of January, 2018.

Sale Price per scrip

Date of Sale of scrips

Abbreviations used :

N - Number of Scrips;

PP - Purchase Price per scrip;

DoP - Date of Purchase;

FMV - Fair Market Value;

SP - Sale Price per scrip;

LTCG - Actual amount of Long Term Gain / Loss;

TV - Taxable Value of Long Term Gain;

Calculations :

If Date of Sale is prior to the Date of Purchase, 'Error *' will be displayed in 'LTCG' column against the script details entered and a message reading 'Error * : Sale Date is before Purchase Date' will be displayed in red above 'Reset' and 'Submit' buttons. No further calculation will be made by the calculator.

If period of holding is less than 1 year, 'NA *' will be displayed in 'LTCG' column against the scrip details entered and a message reading 'NA * Holding is Less than 1 year. No LTCG.' will be displayed in red above 'Reset' and 'Submit' buttons. No further calculation will be made by the calculator.

Calculation in following manner will be made if period of holding is more than 1 year.

If Date of Sale is before 31st March 2018

LTCG = (SP - PP) x N

TV = 0

If Date of Sale is after 31st March 2018 and

SP is more than PP and SP is also more than FMV

LTCG = (SP - PP) x N (Gain)

TV = (SP - FMV) x N

SP is more than PP but less than FMV

LTCG = (SP - PP) x N (Gain)

TV = 0

SP is more than FMV but less than PP

LTCG = (SP - PP) x N (loss)

TV = 0

SP is less than FMV and also less than PP

LTCG = (SP - PP) x N (loss)

TV = 0

If total of TV (Taxable Value of LTCG) is more than ₹ 1 lac, Income Tax liability is calculated as 10% of the amount of TV exceeding ₹ 1 lac. If Total amount of TV is less than or equal to ₹ 1 lac, the Income Tax liability will be calculated as 0.

Internet Explorer users : Please enter date in 'YYYY/MM/DD' or 'YYYY-MM-DD' format only else the calculator will not function correctly.